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boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with himself and not facing the reality that he doesn't really have a lot of leverage. >> indeed. jared, speaking of the details themselves, speaker boehner is saying that his is a serious offer that produces sufficient revenue and savings for the next decade. you're an economist, does it? do his numbers really add up? >> well, no, they don't add up because they lack any level of specificity that you would need to even write them down and put a plus sign next to them so see if they'd add up. he did the same -- >> hang on a second though. he said he stuck $800 billion in revenu
boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with...
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boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not going to be enough. you got to go the rates. once you do the rates, everything else might fall in place because do i think the white house will negotiate. >> i want to go over the stakes of all of this just for the average american family, if we do go over the cliff, about 90% of households would end up paying almost $3,500 more in taxes and one in five action pai -- taxpayers would have to pay the alternative minimum tax, which would mean an increase of $3,700 more of what you already know and those on unemployment i
boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not...
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on the other it's speaker boehner versus his own party. one of the leaders of this fight is american majority action and we're delighted to say that the group alexander spokesman joins us now, ron meier. good afternoon. >> thanks for having me on. >> great to have you ron. you've endorsed three different candidates, i believe, for speaker, jim jordan, jeb hensarling, and tom price. mr. price says in a statement he's not running, but can you tell our audience why are you so sick and tired of speaker boehner? >> well, there's really two big reasons and they happened in the last two weeks that really have been the nail in the coffin. one is the tax hikes. he's proposed basically to raise taxes on charities and job creators and he thinks that that's where his starting point is with president obama. >> hold on a second. let's be factual. i think what he said was that he was open to $800 billion in revenues but he did not specify the deductions. >> the only way you could get $800 billion in deductions is to go after the charitable deduction and
on the other it's speaker boehner versus his own party. one of the leaders of this fight is american majority action and we're delighted to say that the group alexander spokesman joins us now, ron meier. good afternoon. >> thanks for having me on. >> great to have you ron. you've endorsed three different candidates, i believe, for speaker, jim jordan, jeb hensarling, and tom price. mr. price says in a statement he's not running, but can you tell our audience why are you so sick and...
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boehner had his chance. president obama now thinks he has the upper hand. according to the "washington post's" ezra klein, quote -- >> joining us now representative chris van hollen of maryland, ranking member of the house budget committee. great to have you on the program. >> great to be with you, alex. >> let's talk a little bit about 2011 versus 2012, which is to say, the republican party is a very different negotiating position than they were last year and as ezra outlines, it sounds like john boehner would probably readily accept the deal he had at one point with the president if it were happening today. >> well, a couple things. the exact revenue level that the president was pushing for back in 2011, was subject to some dispute. the president was looking for $1.2 trillion, speaker boehner looking for $800 billion, but you're absolutely right, alex. what republicans are trying to do today is recreate at least some of what they thought the agreement was before, but times have changed. in addition to the fact that it's not at all clear exactly what that
boehner had his chance. president obama now thinks he has the upper hand. according to the "washington post's" ezra klein, quote -- >> joining us now representative chris van hollen of maryland, ranking member of the house budget committee. great to have you on the program. >> great to be with you, alex. >> let's talk a little bit about 2011 versus 2012, which is to say, the republican party is a very different negotiating position than they were last year and as...
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i say to my friend john boehner you control matters on the floor, no one else does. you have the ability and you're the only one that has the ability to put this on the floor for a vote. he should do that. that would be the american way. >> house speaker john boehner and senate majority leader harry reid on the fiscal cliff standoff. "the new york times" reporting gop leaders are considering extending tax cuts for the fiscal class to avert the fiscal cliff but if that is the case republicans are staying very tight lipped about it. joining me is senator ben carden from maryland a member of the budget committee and the committee on finance. good to have you here and you have said one thing you want from these talks is to show the markets and to show leaders, that leaders have the situation under control there, in your estimation, how would you say that's going so far? >> well predictability is very important. i think the first step is exactly what leader reid said. if we can get predictability on the taxable income below $250,000, everyone knows that's under current ra
i say to my friend john boehner you control matters on the floor, no one else does. you have the ability and you're the only one that has the ability to put this on the floor for a vote. he should do that. that would be the american way. >> house speaker john boehner and senate majority leader harry reid on the fiscal cliff standoff. "the new york times" reporting gop leaders are considering extending tax cuts for the fiscal class to avert the fiscal cliff but if that is the...
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boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> a rare senate appearance, by former majority leader bob dole wasn't enough to win over republican support for a treaty promising equal rights for people with disabilities. we'll talk with the leading sponsor john kerry about what he called one of the sadsest days of his long senate career. >> this vote is to test whether the senate will stand up for those who cannot see or hear and whether senators can hear the truth and see the facts. >> at nato today, secretary of state hillary clinton bids farewell and voices a warning about securing syria's chemical weapons. >> our concerns that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> and road to 2016, congressman paul ryan and senator marco
boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> a rare senate appearance, by former majority leader bob dole wasn't enough to win over republican support for a treaty promising equal rights for people with disabilities. we'll talk with the leading...
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speaker boehner has to run for speaker again next year. he's got to get these republicans to a deal and then he's got to get himself re-elected as speaker. he doesn't want to lose his conference, right? he's got to manage that at the same time he's doing this negotiation. he went to the house floor today and said that the president has not been public enough with spending cuts. the speaker really sending a ignal there, i think, to the white house, saying, hey, put some spending cuts on the table here and maybe we can start to deal. but right now, i'm in a lot of political pain up here on capitol hill. >> let's get the market context in all of this, with this, a little bit of give and take, eamon, we're seeing the s&p futures up by a third of a percent. at the market highs of the day, prior to when senator reid threw some cold water on hopes that they're inching closer to a deal here. so, in the after hours, it is interpreted as being a positive development in if fiscal cliff negotiations. >> and it was -- >> that's right. >> it was all day
speaker boehner has to run for speaker again next year. he's got to get these republicans to a deal and then he's got to get himself re-elected as speaker. he doesn't want to lose his conference, right? he's got to manage that at the same time he's doing this negotiation. he went to the house floor today and said that the president has not been public enough with spending cuts. the speaker really sending a ignal there, i think, to the white house, saying, hey, put some spending cuts on the...
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is speaker boehner now on the wrong side of history? >> well, his entire party on a lot of issues is on the wrong side of history. we don't feel sorry for him because we're making progress economically as a nation. that's very, very important. and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle class families and middle class earners the most. and so it really is -- i don't want to make this about class warfare. it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially r
is speaker boehner now on the wrong side of history? >> well, his entire party on a lot of issues is on the wrong side of history. we don't feel sorry for him because we're making progress economically as a nation. that's very, very important. and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all...
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>> reporter: do you have an appreciation for what obama and boehner are looking at? >> oh, absolutely. i sympathize with both of them. it's not fun for these guys because there's too much at stake. it's fun for me because the worst that happens is my client gets less money, not the end of the world. it may seem that way for the client. >> reporter: even children know you have to cooperate. >> maybe you can work together, build together. maybe you can connect it. what do you think? >> oh yeah. >> reporter: a daily lesson on the playground. working together sprouts even better solutions. >> you want to see my great idea? >> reporter: do you think that these lessons on the playground really need to be transferred to d.c.? >> absolutely. absolutely. we need to find a way to work together to figure out what's going to be acceptable to everybody. we've got to figure it out. otherwise, i mean, we all lose. >> reporter: there's nothing surprising here, because maybe it's just that simple. so if they can do it -- >> how old are you guys? >> 5. >> reporter: maybe the political
>> reporter: do you have an appreciation for what obama and boehner are looking at? >> oh, absolutely. i sympathize with both of them. it's not fun for these guys because there's too much at stake. it's fun for me because the worst that happens is my client gets less money, not the end of the world. it may seem that way for the client. >> reporter: even children know you have to cooperate. >> maybe you can work together, build together. maybe you can connect it. what do...
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. >> that's about right. >> 65 is where boehner checks in. we were talking about boehner in the last segment. what lawrence is saying is true. it's not boehner's fault he's a weak speaker, but he is an incredibly weak speaker. there's that thing in the times saying maybe they're coming around. i don't think they're coming around at all. the problem is the republican party is driven by this sort of conservative movement more now than ever before in the last couple of years. boehner is a little more old school in that. he came to congress in 1990. he was sort of a reformer and teamed up with democrats, he was more pragmatic and climbed into the leadership and fell out and climbed back in. he was next in line for the leadership when the tea party thing happen. the story of his speakership is the tea party conservatives are waiting for the minute he sells them out. he hasn't sold them out yet. >> it's like the tail wagging the dog. >> he doesn't exercise any p power. this is a test this month. he's waiting this out and looking to have enough cred
. >> that's about right. >> 65 is where boehner checks in. we were talking about boehner in the last segment. what lawrence is saying is true. it's not boehner's fault he's a weak speaker, but he is an incredibly weak speaker. there's that thing in the times saying maybe they're coming around. i don't think they're coming around at all. the problem is the republican party is driven by this sort of conservative movement more now than ever before in the last couple of years. boehner...
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now, what needs to happen to persuade speaker boehner? i mean, do we need to raise lazarus from the dead? >> i don't know what we have to do. the public has clearly spoken. this election showed that people in regard to making less than $250,000 the tax cuts should be extended. we agree on that. we need to let that happen as soon as possible. but they have also said that those who have benefitted and are doing very well in our society should pay more. and so i don't know why they can't get this through their heads, martin. but they need to get it. because the public has spoken and the public has been very clear on that. >> and today former speaker nancy pelosi schooled speaker boehner on what it means to make difficult decisions as a leader. take a listen to this. >> i had to do it as speaker. do you know what it was like for me to bring a bill to floor to fund the war in iraq? so it's tough. but you have to do it. so is the point that you don't want to put your members on the spot, figure it out. we did. figure it out. >> there's nancy pe
now, what needs to happen to persuade speaker boehner? i mean, do we need to raise lazarus from the dead? >> i don't know what we have to do. the public has clearly spoken. this election showed that people in regard to making less than $250,000 the tax cuts should be extended. we agree on that. we need to let that happen as soon as possible. but they have also said that those who have benefitted and are doing very well in our society should pay more. and so i don't know why they can't get...
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talks as opposed to boehner although 29% trusted neither. one thing that could embolden the president during his negotiations is his job approval numbers. now at 53%, it's the highest approval he's received in this poll since january of 2011. that's almost two years ago. as for the year ahead in politics, will 2012 be when lawmakers unite together and work through the gridlock in washington? not according to this poll. and i'm not even sure how this is physically possible. but 69% expect more division and less willingness to compromise. >> it's too soon to be thinking about 2016 elections, isn't it? but two potential candidates are having a hard time avoiding the buzz. new jersey governor chris christie was introduced for barbara walters ten most fascinating people list. he is high on the list for many republicans to run in 2016. christie hasn't ruled out a run and asked by walters if thinks health should be a concern for voters. >> there are people who say that you couldn't be president because you're so heavy. what do you say to them? >> t
talks as opposed to boehner although 29% trusted neither. one thing that could embolden the president during his negotiations is his job approval numbers. now at 53%, it's the highest approval he's received in this poll since january of 2011. that's almost two years ago. as for the year ahead in politics, will 2012 be when lawmakers unite together and work through the gridlock in washington? not according to this poll. and i'm not even sure how this is physically possible. but 69% expect more...
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. >> then it looks like a win for boehner. that's -- i see that as his way not to lose his job and not to have all those republicans who, by the way, really don't like him being in the room alone. he becomes, you know, more of a collaborationist in that room alone with obama. >> they would prefer certain members of the republican party would like to see these televised, these negotiations televised on c-span. john boehner has said i don't want any of the congressional leadership. it's me and you. >> seconds and thirds in there have cantor in there and mccarthy in there, some other people. >> i'm sure cantor would like to be in there. >> yes. >> michael steele, the other thing -- the other sort of pieces of leverage here, if they exist for the republican party, are continuing unemployment insurance. 2.1 million long-term unemployed americans will lose benefits at the end much the year. another million will lose benefits in the next three months if we do nothing. the republicans have sort of said we're going to hold this stuff.
. >> then it looks like a win for boehner. that's -- i see that as his way not to lose his job and not to have all those republicans who, by the way, really don't like him being in the room alone. he becomes, you know, more of a collaborationist in that room alone with obama. >> they would prefer certain members of the republican party would like to see these televised, these negotiations televised on c-span. john boehner has said i don't want any of the congressional leadership....
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boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within the republican conference could have, is now aligned with wehner completely. strengths his hand. he's the sole negotiate, whatever he gets from president obama will be the rule of law. and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmak
boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within...
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the call unlike the night when president obama called john boehner on election day and john boehner didn't answer his call. i think that you have to have both parties willing to engage with each other and talk to each other. looking back at the 1980s, for example, when ronald reagan was president and tip o'neill was speaker of the house, they didn't agree but they sit down and talk and negotiate and compromise and today's republican party so hijacked by the right wing they're incapable of agreement. >> let's put aside the right wing here. we know that speaker boehner purged some of those seen as not being team players within his own party and we'll discuss the fact he's taken a hit for that. beyond the right wing or whatever you have numbers. you have exit polling. you have pew research poll that shows where the american people stand. if all of the people are there to represent us, meaning the people who are watching right now and the panel included here, we are all americans, we pay taxes, then why isn't this work getting done? >> well, just look at speaker boehner's fiscal cliff p
the call unlike the night when president obama called john boehner on election day and john boehner didn't answer his call. i think that you have to have both parties willing to engage with each other and talk to each other. looking back at the 1980s, for example, when ronald reagan was president and tip o'neill was speaker of the house, they didn't agree but they sit down and talk and negotiate and compromise and today's republican party so hijacked by the right wing they're incapable of...
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boehner. i think again you are getting arrogance and huborous on the part of the president, who has a hand in this, and i think if he goes off that's a bridge too far for him. if he goes off to hawaii and spends three weeks there, and no deal happens and the fiscal cliff hits and we've got the largest tax increase in history and the markets plummet and he's sitting over there splashing in the surf, i don't think he can do it. >> i wonder what other nations think about us? this is, you know, is it a terrible problem we are going through right now, but we look like we can't handle our own business. we can't talk to each other, we can't figure out our own economics, and i can't think what kind of morale authority do we have in the world when we look so pathetic, so pathetic in terms of how we handle things and the fact that we don't? >> the problem with the american people is today they are -- greta, they are as deeply divided and polarized as we have almost ever been. look what boehner is could
boehner. i think again you are getting arrogance and huborous on the part of the president, who has a hand in this, and i think if he goes off that's a bridge too far for him. if he goes off to hawaii and spends three weeks there, and no deal happens and the fiscal cliff hits and we've got the largest tax increase in history and the markets plummet and he's sitting over there splashing in the surf, i don't think he can do it. >> i wonder what other nations think about us? this is, you...
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and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health care provisions to extend the life of medicare, and then ran against it, as being something that was stealing money from medicare. so it's not even just a matter of putting those ideas on the table, but willing to be consistent about it. but i think what you see right now from the white house is a deadly seriousness about this balance of getting our fiscal house in order, but also making sure we make the investments in the middle class to grow, and they're looking for a partner here. they've got to have a partner who's willing to put some facts on the ta
and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health...
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so if boehner and company need to do are the following. one, they need to understand the game that obama is playing and they need to adjust accordingly to it. if obama is acting a way that isn't to help the economy but to destroy the republican party, they have to accept that and act wisely. it would be suicidable to assume you are dealing with a reasonable and flexible man what you are not. and two, house republicans need to advance legislation that needs to advance their agenda and send it to the senate. if it dice, sobeit. at least they will offer an alternative. and republicans need to keep in mind if we go over the cliff, we know republicans will be blamed, but obama will also be badly damaged by this. he's head of the parade and a a badly weakened economy is going to hurt him more than anything. the republicans need to figure out their hand is stronger than they think, and they need to remember they are the ones that control spending and under no circumstances should they ever give obama a blank check or give up their constitutional
so if boehner and company need to do are the following. one, they need to understand the game that obama is playing and they need to adjust accordingly to it. if obama is acting a way that isn't to help the economy but to destroy the republican party, they have to accept that and act wisely. it would be suicidable to assume you are dealing with a reasonable and flexible man what you are not. and two, house republicans need to advance legislation that needs to advance their agenda and send it to...
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the pursuit with john boehner in 2011, obama was willing. there's reason to suspect there's something to all this chatter. and the question then becomes why? why would obama who simply by doing nothing these next few weeks could get the tax hike on the wealthy he's been demanding without touching medicare and social security? why would he entertain such drastic changes to the safety net? most likely culprit is the dreaded debt ceiling. here's why. republicans came to these talks with no leverage. the consequences of doing nothing before the december 31st meeting were worse for them than democrats. they looked into 2013 and maybe found something there. they're threatening again to hold the full credit of the united states hostage. joous lick the debacle of 2011. obama's official position on this is he won't be blackmailed. and he won't -- but this is a dangerous game. if republicans are serious about pulling a repeat of 2011, obama can't ignore them. since it will wreck immediate havoc on the economy. white house wants at the very least a lon
the pursuit with john boehner in 2011, obama was willing. there's reason to suspect there's something to all this chatter. and the question then becomes why? why would obama who simply by doing nothing these next few weeks could get the tax hike on the wealthy he's been demanding without touching medicare and social security? why would he entertain such drastic changes to the safety net? most likely culprit is the dreaded debt ceiling. here's why. republicans came to these talks with no...
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john boehner is just -- he's trying to triangulate here a little bit. and he's trying to bring his conference along. he is begging the white house to show him a path out. and the white house is sitting there going why do we do you any favors? you can understand the politics of it going why? why should do i you a favor, you did me no favors but at some point somebody is going to have to say okay, uncle, let's do this over here. >> the polling that you guys and the journal had would indicate that the public wants to get a deal done but as we know, there was that great jonathan weisman piece in the "times" this week that pointed out half the republican conference in the house was re-elected with 55% of the vote. the pointing being the political leverage with those members of congress come from the primary, not from the general election and that's what drives it. >> it is splitting the party. the guys that are statewide office holders are going to the house republicans you're killing party as a national -- and they are. if they're not careful, they are. >>
john boehner is just -- he's trying to triangulate here a little bit. and he's trying to bring his conference along. he is begging the white house to show him a path out. and the white house is sitting there going why do we do you any favors? you can understand the politics of it going why? why should do i you a favor, you did me no favors but at some point somebody is going to have to say okay, uncle, let's do this over here. >> the polling that you guys and the journal had would...
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more broadly and as more broadly than just to boehner. all these republicans, either half of them are partiers and the other half who aren't are scared to death they are going to be primaried in their next election by a tea party. >> just quickly here, what do you make of speaker boehner not coming out, at least at this point, being more direct regarding tax cuts for the wealthiest? from conservative radio to members of his own party, which started with tom cole earthquake the congressman it is all but impossible for the party to avoid that concession, if it is a concession or fairness, whatever your description or perspective, it is unavoidable. >> i saw what smerconish said in your earlier segment, republicans should embrace it, they can turn around and put pressure on obama. but you and i and smerconish don't really know what the conservative base in john boehner's district and other districts around the country, house districts around the country are going to do when boehner and other house members say that they embrace that tax hike.
more broadly and as more broadly than just to boehner. all these republicans, either half of them are partiers and the other half who aren't are scared to death they are going to be primaried in their next election by a tea party. >> just quickly here, what do you make of speaker boehner not coming out, at least at this point, being more direct regarding tax cuts for the wealthiest? from conservative radio to members of his own party, which started with tom cole earthquake the congressman...
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and john boehner is getting squeezed from both sides. now on the right he's taking heat over his propoesal that would raise $800 billion in revenue closing loopholes. on the left the white house won't talk to him until he agrees to raise rates. senate minority leader mitch mcconnell didn't support speaker boehner's plan. >> i have no particular observation other than i commend the house republican leadership for trying to move the process along, and getting to a point where hopefully we can have a real discussion. >> i want to bring in "time" magazine's assistant editor and "national journal"'s chris freitz. does this come down to john boehner and what he's willing to do? >> i think what we've been seeing for the last few months, the ideological struggle within the republican party. you've seen some moderate voices stepping up saying let's make a compromise but you have a house that's intransigent. i think bainer is in charge at the end of the day but he's got to wait, marshall the forces and have people coming to him and i hope this doe
and john boehner is getting squeezed from both sides. now on the right he's taking heat over his propoesal that would raise $800 billion in revenue closing loopholes. on the left the white house won't talk to him until he agrees to raise rates. senate minority leader mitch mcconnell didn't support speaker boehner's plan. >> i have no particular observation other than i commend the house republican leadership for trying to move the process along, and getting to a point where hopefully we...
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. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican lea
. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of...
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rejected boehner's deal. it's hard to see how boehner will get a different outcome this time around. eric cantor looking right over his shoulder. you could make the argument that cantor is the big player who is not in the room. because if boehner does a deal with the president and goes back and tries to get the republicans to vote for it in the house and cantor says no, where are we? the president, you have to give him credit, calm, cool, collected, holding the line and remembering what this election is all about. get your cell phones out. i want to know what you think. tonight's question. will republicans punish speaker boehner for trying to work with the president? text a for yes, b to no to 622639. you can always go to our blog and leave a comment. we'll bring the results later on in the show. joining me tonight is congressman emanuel cleaver from missouri. congressman, great to have you with us. >> good to be with you. >> you bet. i would like to talk about the congressional black caucus if i could. they
rejected boehner's deal. it's hard to see how boehner will get a different outcome this time around. eric cantor looking right over his shoulder. you could make the argument that cantor is the big player who is not in the room. because if boehner does a deal with the president and goes back and tries to get the republicans to vote for it in the house and cantor says no, where are we? the president, you have to give him credit, calm, cool, collected, holding the line and remembering what this...
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senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with the president of the opposing party. how is what we're seeing now different than what you experienced two decades ago? >> it's similar in terms of the issues, the positions of the parties have been that way for a long time. it's different in several respects. first, when i was there, it was the president who had made the no tax pledge. president bush the first, as you'll recall, made a very famous no tax pledge which he eventually backed off of. in this case, it's the congress. the republicans of the congress specifically, who have made the tax pledge, and the president who is trying to get them to break it. secondly, the numbers are very much reflecting the passage of time. we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity,
senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with the president of the opposing party. how is what we're seeing now different than what you experienced two decades ago? >> it's similar in terms of the issues, the positions of the parties have been that way for a long time. it's different in several respects. first, when i was there, it was the president who had made the no tax pledge....
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but we've already hurt the economy and hurt -- >> are you with boehner? >> i'm not with boehner. this guy doesn't need more money. >> we doubled spending. >> well, we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise, as far as taxes are concerned. >> well, how we go about tax reform, there's a lot of room to work together. >> lower the rats. i'm not sure where the democrats are. th they have not offered the plan. >> they keep the bush tax rates. the top two percent let them go from 35% to 39.6%. >> it's incredible to me we're already talking about it. it runs the government for five or six days. >> but at the beginning, every billionaire winds up being real money. >> but the president has known about this so-called cliff for over a year. and it's yet to present a plan that reduces our deficit. i'm willing to work with anyone who's willing to put a plan on the table. but our party, or anyone, should not
but we've already hurt the economy and hurt -- >> are you with boehner? >> i'm not with boehner. this guy doesn't need more money. >> we doubled spending. >> well, we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise, as far as taxes are concerned. >> well, how we go about tax...
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the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conservatives from plum house committee assignments writing, come on now, gop. don't go wobbly on us. congressman jim jordan, an influential group of conservatives criticized the boehner plan. >> the problem i have with the republican proposal, frankly, is that it does raise taxes. the thing we need is economic growth. you're not going to grow the economy, put in place a framework conducive to job creation if you're raising ta s taxes. >> oklahoma senator tom coburn said conservative criticis
the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former...
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this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vote on the house floor which is the democrats from the sen e senate. they wi
this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what...
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that he will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway, that is another game. gerri: it is. harry reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three quartercks. he cannot decide who the quarterback is going to be. that is the same problem republicans are having. romney is gone, but he is still in the background. we have mcconnell and boehner. who is the quarterbck, mr. president? gerri: what do you make of hat analogy? >> well, that is a fotball analogy. we'll that from time to time, but the reality is the speaker of the house is
. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that he will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway,...
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how far does the president have to go to give boehner something that helps boehner go to his caucus and say let's just do our deal. >> you want someone to be singing "i'll be home for christmas." >> there you go. >> first, it's nice to see you in d.c. >> it's a great pleasure. >> we have this little bubble of optimism in the conventional media the past few days. although they're talking, they're not saying much, there must be progress, but we still have a fundamental divide here. the president says rates have to go up. he doesn't want to trade the debt ceiling for anything. he thinks that should be separate. and boehner put out a proposal saying we'll raise invest knews but we're going to lower rates. won't specify, as you noted earlier. there seems to be in the staff level at least not much progress, any progress, being made. i have to believe the fundamental dynamic is still the same, that boehner is going to have a hard time convincing more than half of his caucus, even half of his caucus, to support something that really gives the president a lot in terms of revenue cuts and doesn't
how far does the president have to go to give boehner something that helps boehner go to his caucus and say let's just do our deal. >> you want someone to be singing "i'll be home for christmas." >> there you go. >> first, it's nice to see you in d.c. >> it's a great pleasure. >> we have this little bubble of optimism in the conventional media the past few days. although they're talking, they're not saying much, there must be progress, but we still have a...
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boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would expect i will again and try and persuade others. just to be clear, i'm not for raising taxes on anybody. i think it's a mistake. i think all republicans believe that. however, you have to recognize the reality that at the end of the month, tax rates for every american that pays income tax are going to go up. so there is an area that we do agree with the president on. that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in p
boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would...
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speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc di
speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not...
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maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and get a hell of a lot more than the old rates under bill clinton. why not go to 42%? why not go to 45% for people who make over $10 million a year? i mean, do we really want to solve this? do we really want sacrifice? or do we just want to take our toe and put it in the lake and see if it's still cold out? come on, folks. these lawmakers in washington need some pressure put on them. we need to go higher than 39.6%. we need to go to at least 42% for the wealthiest americans making over a million dollars a year and tell bain their is the way it's going to be, o
maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and...
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is it's much harder to define a win for john boehner. you know, is a win, you know, holding absolutely fast? is a win saying, you know, great, we were the party that managed to cut social security for the middle class? that's going to be pretty hard to go into another election with. >> you know, do you agree with that assessment that it's easier for the president, cynthia, because he basically wins on taxes. he's the robin hood, if you will, of this issue. he's looking out for the regular people against the people on the top. on the other side he's saying, you republicans, you can be the scrooges this winter. i have to go along with it. but you're forcing me to do it, so you're the bad guys. so i think i agree with chrystia. this is basically a setup if there is a deal for the president. >> well, i do think that the president would certainly get a big win with the middle class tax cut piece of this which i think is going to pass. whether it passes by the first of the year is another matter, but i think he'll get that piece of it. but i t
is it's much harder to define a win for john boehner. you know, is a win, you know, holding absolutely fast? is a win saying, you know, great, we were the party that managed to cut social security for the middle class? that's going to be pretty hard to go into another election with. >> you know, do you agree with that assessment that it's easier for the president, cynthia, because he basically wins on taxes. he's the robin hood, if you will, of this issue. he's looking out for the regular...
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john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not like raising the eligibility age for medicare. so there are other things that happen? can we scale back the generosity of the obama care subsidies? can we start means testing in additional ways in the medicare program? they have to get creative. >> they got it to get creative, zachary. this comes at the busiest time of the year for retailers and businesses. have you noticed any signs at this point that consumers are at all holding back this holiday season fearing we may go over the so-called fiscal cliff? >> there's a lot of news reports on consumers ho
john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not...